I came up with this idea last week, LTC didn't break the first support line. On 4 hour chart, RSI oversold signal will shortly make sell pressure, which may slow down the price surge for a few days.
However, this looks very good right now and I will post the next update in a few days.
However, this looks very good right now and I will post the next update in a few days.
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Previously I didn't set any target but 80$, which is one of the Fibonacci levels, could be a realistic target for the next month.
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Let's take a look at 4-hour chart, earlier this day Litecoin reached 61$ and faced some resistance. During writing this comment it looks that 0.618 Fibonacci level might hold up the price. However, if the price slides lower we might see a double bottom and then head for the new highs.
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Sorry for posting the wrong link.
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Seems that resistance area (the green box) has turned to support area. In a few days LTC might head for 80 bucks.
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Thank you
Trade closed manually:
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